1. How much is the total sales variance? 2. How much is the sales price variance? 3. How much is the sales quantity variance?
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ABC Corporation sold 1,200 units for the month at an average selling price of P5,000. Its target sales was 1,125 units at P5,200 each.
1. How much is the total sales variance?
2. How much is the sales price variance?
3. How much is the sales quantity variance?
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- 5. Compute the quantity variance based on the data on the image. * 2019 P 520 P 500 2018 Sale Price Cost per Unit 360 330 Units Sold 13,000 13,500 6. Assuming that the sales price increased by 5%, what is the cost price variance? * 2020 P 6,235,500 P 6,000,000 5,000,000 2021 Sales Cost of Sales 5,049,000 7. How much is the sales price- volume variance? * Gross Profit Last Year Gross Profit This Year P 861,250 900,000 Change in units sold last year Units Sold 650 50 Change in sales price Change in cost price P 100 75 Excerpt from the four-way analysis: Sales Quantity Variance - Unfavorable P 245,000 Cost Price Variance - Favorable Cost Quantity Variance - Favorable 45,000 178,750Dickinsen Company gathered the following data for December: Planned Actual Sales price per unit Number of units of sales $5.80 x 820,000 $4,756,000 $6.00 x 805,000 $4,830,000 Total sales a. Compute the revenue price variance. b. Compute the revenue volume variance. c. Compute the total revenue variance.S1: Cost price variance is computed by deducting cost of sales this year at last year's cost price from cost of sales this year. S2: Sales this year at last year's price is the same as sales last year at this year's quantity. A. both are true C. S1 is true D. S2 is true B. both are false
- S1: The percentage increase in selling price is found by dividing the favorable sales price variance by last year's sales at the current year's sales quantity. S2: The percentage decrease in units sold is found by dividing the favorable cost volume variance by the planned level of cost of sales. A. both are true C. S1 is true D. S2 is true B. both are false7. How much is the sales price- volume variance? * Gross Profit Last Year Gross Profit This Year P 861,250 900,000 Change in units sold last year Units Sold 650 50 Change in sales price Change in cost price P 100 75 Excerpt from the four-way analysis: Sales Quantity Variance - Unfavorable P 245,000 Cost Price Variance- Favorable Cost Quantity Variance - Favorable 45,000 178,750Planned sales are 10,000 units at $7.00 per unit. Actual sales are 11,000 units at $6.50 per unit. Which of the following statements is not true? a. The revenue volume variance is favorable. b. The total revenue variance is unfavorable. c. The revenue volume variance is $7,000. d. The revenue price variance is unfavorable.
- This year’s total sales of Bulldogs Inc. is P4,600,000. The following variances are determined:· Sales Price Variance – 750,000 favorable· Cost Price Variance – 100,000 unfavorable· Sales Volume Variance – 150,000 unfavorableUsing horizontal analysis, determine the percentage change from the prior year total sales to the current year total sales.1. This year’s total sales of Yui Inc. are P4,600,000. The following variances are determined: · Sales Price Variance – 750,000 favorable · Cost Price Variance – 100,000 unfavorable · Sales Volume Variance – 150,000 unfavorable Using horizontal analysis, determine the percentage change from the prior year's total sales to the current year's total sales. 2. The income statement of Petra Inc. in 2022 reflects a net Income of P2,050,000. The dividend policy of the company is to pay an annual cash dividend of P2 per share to common stock regardless of the market price of the share. If the dividend yield determined for the last day of 2022 is 20%, how much is the fair value of the share? (per share)Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000 units per month. In November, Lowell Manufacturing decided to lower its price to 19 per unit expecting it can increase the units sold by 16%. a. Compute the normal revenue with a 20 selling price. b. Compute the planned revenue with a 19 selling price. c. Compute the actual revenue for November, assuming 135,000 units were sold in November at 19 per unit. d. Compute the revenue price variance, assuming 135,000 units were sold in November at 19 per unit. e. Compute the revenue volume variance, assuming 135,000 units were sold in November at 19 per unit. f. Analyze and interpret the lowering of the price to 19.
- Rosenberry Company computed the following revenue variances for January: Revenue price variance (350,000) Favorable Revenue volume variance50,000 Unfavorable Assuming that the planned selling price per unit was 10 and that actual sales were 175,000 units, determine the following: a. Actual selling price of January. b. Planned number of units that were to be sold in January.Revenue variances Rockport Industries Inc. gathered the following data for March: Sales price per unit Number of units of sales Total sales Planned $150 x 12,500 Actual $144 x 12,900 $1,875,000 $1,857,600 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Compute the revenue price variance. b. Compute the revenue volume variance. $ c. Compute the total revenue variance.This year’s total sales of Bulldogs Inc. is P4,600,000. The following variances are determined:· Sales Price Variance – 750,000 favorable· Cost Price Variance – 100,000 unfavorable· Sales Volume Variance – 150,000 unfavorableUsing horizontal analysis, determine the percentage change from the prior year total sales to the current year total sales. A. 10% B. 15% C. 20% D. 25%
